Other ways of using SDIRAs could be to invest in syndications, performing  or non-performing debt, precious metals, raw land, precious metals, mobile home parks, self-storage facilities and more. 

The borrower has already signed the warranty deed, it’s being held “in escrow” pending the fulfillment or non fulfillment of the forbearance or modification. 

The ownership of your relinquished property and your replacement property may be owned or held by the same taxpayer as opposed to different taxpayers.

We held it for longer than a year while we were renovating.

Georgetown has grown wildly, I wish you could have held onto this!

(taxes would be extreme, especially for the properties held since 2000's.)

@Brice Alef-Torrisi To manage finances for multiple properties, maintain separate bank accounts for each property if held under different LLCs to avoid commingling, which could jeopardize liability protection and complicate tax deductions.If properties are under one LLC, using a single account is fine but requires detailed record-keeping for each property.

Tom, Based on what you've provided, if the property was held over one year, you'd be subject to the long term capital gains rates and any depreciation that you took on the property in the past would have to be "recaptured" (Added to your income) at the short term tax rates (but it will not exceed 25%). 

They lend me $193K but $40K was held in escrow for the rehab. 

Your going to the London School of Economics, your not some punk day dreaming from Mom's basement working PT at McD's who's best achievement was the dugout ya made in metals shop and got your first -B of your life wondering how to get Grant Cardone "rich" with you $85 of deployable savings......